Berry Global Group, Inc. issued $400,000,000 aggregate principal amount of BGI’s 1.65% First Priority Senior Secured Notes due 2027, pursuant to an Indenture, dated as of June 14, 2021, among BGI, Berry and certain of Berry’s subsidiaries party thereto as guarantors, and U.S. Bank National Association, as trustee and collateral agent. The First Priority Notes are senior obligations of BGI and have the benefit of the first priority security interest in the collateral described below. The First Priority Notes bear interest at a rate of 1.65%, payable semiannually, in cash in arrears, on January 15 and July 15 of each year, commencing on January 15, 202The First Priority Notes are senior obligations of BGI and have the benefit of the first priority security interest in the collateral described below. The First Priority Notes bear interest at a rate of 1.65%, payable semiannually, in cash in arrears, on January 15 and July 15 of each year, commencing on January 15, 2022, to holders of record at the close of business on January 1 or July 1, as the case may be, immediately preceding the interest payment date. The First Priority Notes will mature on January 15, 2027. Prior to December 15, 2026 (the “Par Call Date”), BGI may redeem the First Priority Notes at its option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail or sent electronically to each holder’s registered address, at a redemption price equal to the greater of (i) 100% of the principal amount of the First Priority Notes redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (assuming that such First Priority Notes matured on the Par Call Date), exclusive of interest accrued to, but not including, the redemption date, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable treasury rate plus 15 basis points. On or after the Par Call Date, the First Priority Notes will be redeemable, in whole or in part, at BGI’s option, at any time or from time to time, on at least 15 days’ but not more than 60 days’ prior notice to the holders of the First Priority Notes to be redeemed, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any to, but not including, the date of redemption. 2, to holders of record at the close of business on January 1 or July 1, as the case may be, immediately preceding the interest payment date. The First Priority Notes will mature on January 15, 2027. Prior to December 15, 2026 (the “Par Call Date”), BGI may redeem the First Priority Notes at its option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail or sent electronically to each holder’s registered address, at a redemption price equal to the greater of (i) 100% of the principal amount of the First Priority Notes redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (assuming that such First Priority Notes matured on the Par Call Date), exclusive of interest accrued to, but not including, the redemption date, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable treasury rate plus 15 basis points. On or after the Par Call Date, the First Priority Notes will be redeemable, in whole or in part, at BGI’s option, at any time or from time to time, on at least 15 days’ but not more than 60 days’ prior notice to the holders of the First Priority Notes to be redeemed, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any to, but not including, the date of redemption.